Iran considers the possibility of limiting oil production

Iran is ready to discuss issues on freezing its production with the largest oil-producing countries, but after reaching the level of production of four million barrels per day, as stated by Iranian Oil Minister Bijan Namdar Zangane.

In his opinion, the oil producing countries should give Iran the opportunity to achieve this level of production, and only after that call to freeze the oil output.
Tehran will stimulate oil exports in the near future up to two million barrels a day, the Iranian minister said.

Bijan Namdar Zangane said that there are no restrictions for US companies to invest in Iran's oil and gas industry. “In fact, the restrictions were imposed by the US government, not Iran,” the minister said.